After successfully closing a €8.5m (US$9.3m) Series A financing round last September, led by Astanor Ventures, FoodLabs, Happiness Capital and Faber, alt protein producer, MicroHarvest, has raised €1.5m from new investment partner Simon Capital.
Protein innovator, Arbiom, says aquaculture is still a target market for the company, as it releases the results of a new scientific study evaluating the effectiveness of its alt protein ingredient, SylPro, in pet food.
Finland based startup, eniferBio, has generated €11m (US$12.05m) in a series A funding round, led by Dutch aquaculture investment fund, Aqua-Spark, with Tesi, Valio, Voima Ventures and Nordic Foodtech VC also participating.
French insect-based ingredients producer, Ÿnsect, is to increase its focus on high-margin markets like pet food and human consumption. It is also closing a production plant in the Netherlands and letting around 20% of its staff go.
MicroHarvest has been selected as a winner in the 2023 BloombergNEF (BNEF) Pioneers awards, which recognize early-stage companies working to introduce technologies and products that can push the world to a net-zero global economy.
FEDIAF, the EU pet food industry organization, warns about the threat to its sector, along with the animal feed and oleochemicals industries of the use of category 3 animal fats in European biofuel production.
There is increasing use of processing animal proteins (PAPs) in European feed formulations, but market and regulatory constraints are still proving a barrier to greater take-up of those ingredients within that sector, say representatives of the EU rendering...
The Yield Lab Asia Pacific is the latest investor in Asian insect ingredient developer, Protenga. The Singapore-based company’s most recent funding round also saw participation from SEEDS Capital and JBI Innovations.
Arbiom has received a grant of €12m (US$13.2m) from the France Relance investment program. The French-US company is focused on the production of proteins for feed and food applications, based on the use of agricultural and wood residues.